Paylocity Holding Corporation $PCTY Shares Purchased by MGO One Seven LLC

MGO One Seven LLC increased its position in shares of Paylocity Holding Corporation (NASDAQ:PCTY) by 18.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,920 shares of the software maker’s stock after acquiring an additional 300 shares during the quarter. MGO One Seven LLC’s holdings in Paylocity were worth $348,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC boosted its position in shares of Paylocity by 115.9% during the 1st quarter. TCTC Holdings LLC now owns 149 shares of the software maker’s stock valued at $28,000 after acquiring an additional 80 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of Paylocity during the 1st quarter valued at about $48,000. Bayforest Capital Ltd boosted its position in shares of Paylocity by 69.1% during the 1st quarter. Bayforest Capital Ltd now owns 296 shares of the software maker’s stock valued at $55,000 after acquiring an additional 121 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Paylocity during the 1st quarter valued at about $61,000. Finally, IFP Advisors Inc boosted its position in shares of Paylocity by 248.5% during the 2nd quarter. IFP Advisors Inc now owns 338 shares of the software maker’s stock valued at $61,000 after acquiring an additional 241 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

Paylocity Stock Up 1.2%

Shares of NASDAQ:PCTY opened at $150.32 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $8.29 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 2.89 and a beta of 0.53. The firm’s 50-day moving average is $166.95 and its two-hundred day moving average is $179.53. Paylocity Holding Corporation has a 1 year low of $147.60 and a 1 year high of $223.80.

Paylocity (NASDAQ:PCTY) last issued its quarterly earnings results on Tuesday, August 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The company had revenue of $400.74 million for the quarter, compared to analyst estimates of $388.25 million. Paylocity had a net margin of 14.24% and a return on equity of 22.08%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. Paylocity has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts predict that Paylocity Holding Corporation will post 4.36 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PCTY. Weiss Ratings reissued a “hold (c)” rating on shares of Paylocity in a research report on Wednesday, October 8th. Jefferies Financial Group decreased their target price on shares of Paylocity from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. BMO Capital Markets upped their target price on shares of Paylocity from $226.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Cantor Fitzgerald raised shares of Paylocity to a “strong-buy” rating in a research report on Thursday, September 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of Paylocity in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $221.59.

Paylocity Profile

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection.